3 AI Names With Big Buybacks: GEV, PSTG, and LSCC Signal Confidence

Core Insights - AI stocks are experiencing varied performance, with some rallying, others declining, and a few maintaining stability through new buyback authorizations [2] Group 1: GE Vernova (GEV) - GEV has seen a significant share price increase of approximately 21% since November 21, despite a 7% decline from December 10 to December 12 due to an AI sell-off triggered by earnings reports from Broadcom and Oracle [3] - A press release on December 9 led to a nearly 16% rise in shares, as GEV raised its revenue outlook for 2028 to $52 billion from a previous estimate of $45 billion [4] - The company has authorized a $10 billion buyback, representing 5.5% of its $177 billion market capitalization, signaling strong confidence in its future [4] - Analysts have a consensus price target of around $654, indicating a potential 3% downside, but updated forecasts after the outlook increase suggest an average target of $802, implying a 19% upside [5] Group 2: Pure Storage (PSTG) - PSTG shares dropped over 27% following its earnings release on December 2, despite exceeding sales expectations and meeting adjusted EPS expectations [6] - The company announced a $400 million buyback authorization, indicating it sees value in its share price after the significant post-earnings decline [6] Group 3: Lattice Semiconductor - Lattice Semiconductor has experienced a rise of more than 30% this year and has recently increased its buyback capacity, reflecting confidence in its stock value [6]